Yes, you can make money online.
Anyone can make money online and I’m not trying to blow smoke up your ass.
There isn’t a crazy system that you need to learn or mystery that you need to solve.
Go on Pinterest and check out any big blog. Everything they do to make money is sitting right there in front of you.
In this post, I’m going to explain to you the 4 different ways I make money online.
First Things First
Before I dive into the 4 ways I make money online I want to talk to you about the most important aspect of making money online no matter what route you decide to take: building an audience.
If you can build an audience online then you have an easy road to making money online.
The problem is that many people just don’t know how to build an audience or don’t put any focus on building an audience. Instead, hey concern themselves with blog themes, Twitter posts, and other small things that don’t move the needle.
This is a big reason why the very first course you encounter in the Billionaire Blog Club revolves around Pinterest. You need to learn how to build an audience and that means getting traffic.
If you can get traffic to your site then the whole world begins to open up for you.
If I have a blog that is getting 100,000 page views a month that means that I’m probably getting at least 50,000 people to the site. That means I have to try and get some small percentage of those people to buy something from me if I really want to do well. If I can’t get them to buy something then (in some cases) I have ads running on the site that will make me money anyways.
As the number of people visiting my site increases, the chances of me making more money increase.
It’s a pretty simple formula but for some reason, any bloggers (and other website owners) don’t put a lot of time in figuring out how to get traffic to the sites.
Make It Easy With a Good Niche
I have some bad news for you. If you want to make money online then I’m not going to tell you to follow your passion. Instead, I advise you to do stuff that has been proven to work.
If you like the idea of starting a blog then know that there are only 7 blog niches that get good traffic and make good money.
There really is no reason to try a different niche for your first blog.
I’ve spoken with people that want to start blogs on the topics they are most passionate about and they assume that they will do well simply because they believe other people love the topics as much as them.
What people love are things that make their lives easier and better. Why do you think how to make money blogs, personal finance blogs, and health blogs do so well?
Don’t hesitate to start a blog in a big and popular niche. The audience is already established in those areas so it’s pretty silly to avoid them.
With that being said let’s dive into the ways that I make money online.
Every penny that I earn starts with my blogs. I’ve put together a free 12-day blogging bootcamp for you that goes through every step that I take to build a successful blog.
The 4 Ways That I Make Money Online
I’m going to surprise you here and say that one of the ways isn’t by blogging. Nobody pays me to blog. However, the whole reason why I can make money online is because of blogging so if you want to make money online I suggest you get into blogging.
Blogging gives you the opportunity to build an audience which in turn gives you the chance to open up new revenue streams.
Every single way that I make money online is directly connected to my blogging but I don’t want to say I make money by blogging.
That might be a small technicality but I wanted to get that out of the way.
Making money with online ads
This is the second easiest way from a technical standpoint to make money online because you don’t have to do much to get them setup.
What you do need though is a shit ton of traffic. By this, I mean at least 100,000 page views before you even want to consider putting ads up on your site.
I don’t use ads on all of my blogs but the few that I do, I use AdThrive and they have been wonderful.
Now I know the question you are asking is how much money do I make for the amount of traffic that I get. I get paid every time an ad is shown on my site but you get fractions of a penny for each view. For this reason, ad dollars are measured in CPM.
This means that for every 1,000 page views I make $X amount of money.
So with AdThrive, depending on the niche and the quality of ads, the CPM fluctuates between $5 – $10 per 1,000 page views.
If I do 100,000 page views in a month (the minimum you need to apply) then I will make anywhere between $500 and $1,000 for that month.
Not bad, but not great considering the other ways that you can make money.
However, ads are the most passive way to make money online. Your only focus is to get people to continue to come to your site which can be challenging in its own right.
2. Affiliate Marketing
This is the easiest way to make money online from a technical standpoint because you don’t have to do anything but post a link on your site.
That link points to a manufacturer of some product that will pay you every time someone purchases from them.
For example, if I run a car blog and I sign up for an affiliate program with a car parts shop, I can link the different car parts that I like on my blog and when people click on the link and purchase from the car parts shop I get a cut.
The commission that you get is totally dependent on the affiliate program. There is no status quo. I’ve seen percentages range from 4% to 90%.
It might not seem like you can do well with affiliate marketing but bloggers like Michelle Gardner and Pat Flynn do over $30,000 a month each from affiliate marketing.
If you want to learn more about making money with affiliate marketing then check out this guide to affiliate marketing.
I love writing eBooks because you can make them as simple or as complicated as you want. The easiest way to make an ebook is to simply write it in some type of word processing application (Word, Pages, or Google Docs) and export it as a PDF.
There you go. You now have an eBook that the world will enjoy.
eBooks are a great starter product for many bloggers because everyone has the tools to create them.
Some people believe that your ebook has to be super long for it to be successful and I’ve seen 4-page ebooks do well and 200-page ebooks bomb.
It’s completely dependent on the subject matter and what problem you are trying to solve.
If you don’t even want to set up your own website you can go directly through Amazon’s Kindle Direct Publishing to reach millions of people instantly. Of course, you are dealing with a lot of competition but I know authors that make over $40,000 a month with their Kindle books.
4. Online Courses
making money online with courses
One of the most lucrative ways to make money online when you have an audience.
To make $1,000 with ads (on a good ad network) you need to do between 100,000 – 250,000 page views a month. That’s a lot of people!
To make $1,000 with affiliate marketing you might need to sell a couple hundred items.
With online courses, you can make $1,000 by selling just a couple (dependent on price).
For example, the current price (as of this writing) for the Billionaire Blog Club is $106. To make $1,000 this month from the site I will need to sell 10 seats.
That doesn’t require me getting 100,000 people to the site. Hopefully, it only requires less than 100.
Out of these 4 methods, online courses are both the most technically involved and the most time-consuming.
I love teaching people but I hate the process of making courses just because I like instant results.
With my online courses, I have to come up with an outline of what the video is going to be about, plan the shots, hope that I can do it in one take, edit the video, convert the video, and then upload the video.
This takes hours and my throat always hurts when I’m done.
But again, I make most of my money from online courses so the effort is worth it.
This post first appeared : on Struggle.co
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